05 July 2017
Chicago
Reporter: Drew Nicol

OneChicago expands futures products


Securities finance exchange OneChicago will introduce a new No Dividend Risk (NDR) Friday futures product on 24 July 2017.

NDR Friday futures are serially listed NoDivRisk futures that, in conjunction with the existing monthly futures, provide for futures expiring on the next five Fridays.

NDR Friday Futures will settle to stock on a T+3 basis, then shift down to T+2 in September.

According to OneChicago, each Friday future has its own suffix in its symbol (I, J, K, L, respectively).

The exchange saw a 32 percent increase in trading volumes in June over the same time last year.

Transaction volume was more than 1.7 million for the month.

The latest volume rise means OneChicago is up 26 percent for the first half of the year.

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